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RE: STEEM surges to $.25 in overnight trading

in #steem • 3 years ago

What surprised me was the trading volume - more than 2.2X market cap. In the past, I think we've mostly seen that kind of volume during times of high drama (i.e. hard forks, witness wars, etc...)

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Offhand, I don't know an easy way to check the more recent numbers because CoinMarketCap crippled their public API, but as of March, 2021, 1.834 was the highest ratio of 24 hour volume to market cap.

3 years ago in #steem by
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     3 years ago 

    Yes that was nice to see. I think it terms of total volume it had higher volume on June 4th of 2022, but it terms of a ratio to market cap, I am not sure. The volume is nice to see and hopefully indicates more staying power, but with so much of that volume being wash trading by sketchy exchanges, it's tough to know for sure exactly what it means...

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